The stock is in an ascending triangle.
Note the high level horizontal resistance, which has held its ground three times.
And see the support of the purple channel.
They make the triangle. Watch, as the situation develops.
Note the high level horizontal resistance, which has held its ground three times.
And see the support of the purple channel.
They make the triangle. Watch, as the situation develops.
But that helped me, because.. I was long in regards to this break out.
Instead we can see tat the stock has broken out to the downside. Moreover, even without drawing I can spot a descending channel.